boeing concerned about the engines in its mer premier plans did and it is not just about the jobs. one of blackrock's top money men says there is something else we should be looking at when it comes to economic recovery. and while what we are calling thanksnado. already a mess out west, it is heading east. that and more this hour on "markets now." ♪ good to have you with us. dagen is off today, should be back tomorrow. as we start off, one of these days you look and want to make sure you are in the right year. nasdaq 4000, nicole petallides loving the round numbers. nicole: that is a great

reference. 5000 way back when. absolutely a day of round numbers, impressive ones at that. vanessa nasdaq at the level of 4000 like we did earlier since the year 2000. it is somewhat a monumental day. new highs for the dow and the s&p 500 above the 1800 mark so new highs as we continue to watch the market gaining that momentum and they will not quit. other names on the move, let's take a look at sears. a great performer on the s&p 500. stocks hitting a new high. rewarding loyal customers but they came under some sales numbers that were disappointed. the ceo says he is not as close to closing stores. back to you. connell: nicole, thank you very much. the other story is united states and iran reaching a deal to

freeze the nuclear program for six months, but the fallout has far-reaching impacts among political and economic. oil prices falling today, something we are watching but the political impact is much more complicated as you have lawmakers on both sides who are skeptical of this deal that was announced over the weekend. let's begin our coverage with peter barnes with more. peter: there is a wave of criticism over the nuclear deal with iran over israel and saudi arabia and republicans and democrats in congress as you mention say iran cannot be trusted, the six months agreement is not tough enough and will keep iran on course to building nuclear weapons. iran promised to cap uranium enrichment and neutralize the stockpile in the deal to limit uses to peaceful civilian purposes for now. i ran promising they will not create any new centrifuges and

suspend work on the nuclear reactor in the town of iraq. increasing u.n. inspections. and putting sanctions in place for decades that have crippled iran's economy. >> it holds iran's program for the first time in a decade. it rolls it back in certain key respects and gives international specters the kind of access and international lecturing capabilities things they have never had before. that will give us time. >> time to continue negotiations on a tougher, longer-term nuclear deal with iran. but criticism on the interim agreement is bipartisan including from republican senator, democratic senator, one of the president's top allies in the senate, house speaker john boehner as well. the chairman of the committee called it duplicitous saying he will keep working on legislation to toughen sanctions.

on a programming note, wants to let you know i will be interviewing former fed chairman alan greenspan tomorrow on fed policy, the future of it, tapering and his new book. connell: look forward to that. this hour tomorrow we will get the green speak translators back, it should be good. joined now from the "wall street journal" by james friedman to talk more about iran. during a nice job of what we saw over the weekend, and he is right, the criticism is coming from both sides of the aisle. >> the market reacting well to the news because obviously it is nice to have less tension in the middle east but obviously this is a short-term reaction. you look long term, this is a very dangerous regime, they are celebrating because of this victory, which i think--

connell: why is it a victory for iran in your view? >> they have not had to do much. they get the beginning of the end of the sanctions. it is a six-month deal meaning they can do very little and come back in six months and say we have done everything we have asked you to do, now get rid of the rest of the sanctions. connell: the stocks up a little bit, this is a good first step. would that be a fair interpretation? that is not right. >> you saw the price of oil come down a little bit, but i would say to the market think a little bit more long-term where this is leading. obviously millions of decisions by individuals, and i think the long-term view you should be a little bit more pessimistic. this is not a regime showing good faith, don't see any reason

to trust them, now they want a nuclear weapon. connell: the most skeptical deal is to be a distraction from all the talk of obamacare and maybe the president, the administration and negotiations would be getting in more to get a deal done, is that the view you take as well? >> if it is obamacare or the desire to have a legacy project, foreign policy triumph clearly there is a pr benefit in the short term for the president but long-term the middle east sayina mistake and the pressure is going to be on him to cave and take away more sanctions which were really working. connell: it is counterintuitive because the pressure should be on the iranians if they are working it is crippling them economically or that would be the argument so the pressure should be there. all right, you want to get rid of the sanctions.

>> costing 5 billion per month given the size of their economy that is kind of the real number. this has been a painful time for them economically. you would hope that would lead to some change in behavior, but ultimately they get to keep their plutonium plant, a step down for six months and they can pressure the president to give them what they want. connell: what is the best that could come out of this from the united states point of view? >> i don't see a whole lot of upside. mainly if the iranians make a mistake and make it so he has no choice but to scrap this deal, don't have confidence they will decide they want to be a peaceful good neighbor to others in the region. connell: you describe it as negative, a neutral position?

>> you look at allies like saudi arabia, a paper over the weekend saying basically they are very concerned about this move and obviously the israelis as well. connell: for the time being that person, the market we were talking about likes reduced tension. good perspective today. from the "wall street journal" as we turn now to the market, we will make the word of the day today bubble. we are not talking about nasdaq 4000, although we might be. famed editor of the report calls in today from thailand to talk about a bubble. always good to talk to you. if you had to pick out a bubble that was in danger of bursting, where would it be? >> first of all we are in a

financial bubble, growing larger over the last 20, 30 years. but if you ask specifically stocks in the u.s. are in a bubble state, about to burst, point out the momentum stocks short-term performance like hezbollah, ebay, facebook, linkedin, in my opinion most of them are already down from their recent highs. 35%. connell: the headline on twitter, has reached a post ipo low. when it bursts, if it bursts, the bubble you're talking about is the wider market bubble. to what degree will the impact

be felt? the highflying individual stocks brought up so much or something big time like '08 or the tech bubble that burst many years ago. >> i would think when it finally bursts, may be higher in the strength of the gamble, but once the bubble bursts i think it won't matter whether you think and first class or the economy will crash. connell: what is the trigger for that, what is the needle? >> one possible trigger would be rising interest rates. we have essentially qe3, kitty for in place for over one year. the yield on a 30-year, the 10-year treasury note have not

gone down, but have gone up, and i think that could be trickery over 3%. connell: you got it. is there a trigger on the 10-year treasury note? >> yeah, after 3% investors would become somewhat concerned. connell: what do you think of the headline nasdaq 4000. we have to see what year we are in. >> it took a long time to get over 4000 we have not made it to a new high yet. 13 years in the bull market. essentially 13 years since nasdaq 8000 in march 2000. driving over the last two, three years were not in existence in

about 299, 2000. connell: it seems like a long time ago. >> i would like to mention some important technology stocks like intel, cisco, lower today than in 2010, three years ago. ibm is lower than 2011. so the market has been in a way very selective. connell: that is absolutely true, we are showing some of them, twitter earlier and linkedin. it has been selective and the headline to go back just to quickly recap 3% on the note, watch that in the bond market. thank you as always for calling in. >> thank you very much. connell: more coming up on the engine worries in the sky. boeing with specific instructions not to fly some of its planes through storms. some of the top hospitals

meantime are cutting staff. this is more fallout from obamacare. and up to the minute forecast on thanksnado, this big storm coming east this week. what you need to know for the holiday travel. straight ahead on "markets now." (vo) you are a business pro.

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connell: a story to talk about all of this weather with maria molina in a second. nicole petallides at the exchange, barons out with a 13 stock picks. you get a lot out of that, cultivating sauce gets slammed. >> using the stocks move on the calls from over the weekend, anybody can access this particular story online as well. let's get to it, speaking about some of these highflying companies and saying reminds me of the bubbles of the past, some are ready to burst. in that case looking at the names that have been so hot and now maybe not so, twitter for

example hitting a new low today on the list of downgrades. when you think of those sandwiches, look at what is going on. basically saying those are the names that have been highflying and are under some pressure. liking some of the other names looking at jpmorgan, cisco systems, chevron, caterpillar and at&t. caterpillar also, bank of america on that one. mostly up arrows from that group. connell: this a severe storm we have been talking about through the southwest, it is now headed east and it really could be a problem for thanksgiving travel plans in the middle of the week. maria molina joins us now with the latest. maria: the storm system right now across parts of texas, oklahoma moving into arkansas and may be producing freezing rain across western parts of arkansas. a big concern with anybody doing

driving on the roadways but most of it should begin to diminish in terms of freezing or winter like precipitation. the rain moving northward as temperatures begin to warm a little bit but the rain very heavy at times in louisiana and mississippi and for the next several minutes we expect winter weather advisories in effect, winter storm warning to remain in place across arkansas, missouri, oklahoma and texas. they should be expiring very soon as the storm pulls away from that area. by tuesday the center of the storm system will be in place across the southeast. this is where we will see areas of heavy rain in the higher elevations of the central appellations. they winter precipitation coming down with freezing rain, very dangerous again a long the mountain ranges. anybody doing any traveling the wind will pick up across the southeassoutheast and some of tt rainfall and snowfall will be in place across northeast but the big impact day in the northeast

is going to be on wednesday when we will have a lot of wind, heavy rain along the big cities like new york city, philadelphia and into boston. and then areas western pennsylvania, new york i can relation the snowfall over 6 inches, some spots up to a foot of snow. by thanksgiving, things are much quieter across most of the country. connell: rain in the city, but that will be a nightmare. maria: and the wind. connell: thank you. jobs being lost in one of the top hospitals we will talk about because of the affordable care act. and then, charles payne has a great segment planned for today. more individual investors getting back into the market. that is good news, right? making some terrible mistakes once they do so. making some money on "markets now."

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connell: some breaking news from new haven connecticut on the campus of yale university. university is saying they had a confirmed report of a person with a gun either on or near the yale campus at old campus. the central part of the yale university campus. i get a person on or near that area with a gun. do not have any information at this point. i was a text sent out to the community at 10:50 a.m. as we get more information we will certainly bring it to you. meantime back to the market, we are looking boeing and looking at ge. both taking a hit with a warning to operators of the 787 dreamliner's and the newest 747 miles. avoid flying through high altitude thunderstorms due to increased risk of icing. causing engine malfunctions.

they are powered by ge engines for those of the effects on general electric. another story, the cleveland clinic rank as one of the top four hospitals in the entire country planning massive layoffs and cutting more than $100 million from the budget next year. a direct result of the presence affordable care act as a hospital says half of the cuts for 2014 are related to obamacare but will add up closer to $330 million. the cleveland clinic being impacted by all of this. set this would be a great segment and it will be with charles payne here to make you money on "markets now." the headlines of individuals jumping into the stock market. you say that is good news, but the bad news is they are not doing a good job. charles: they are bringing in a lot of bad habits. i would like to talk to some of them. it is real life stuff.

a woman recently signed up for my service. she watches me a lot on "varney & company." she sent some e-mails, was disappointed. i looked at what she owned. chart industries, those stocks i mentioned around $80. her costs are $120 each. she waited for 50% moves. this is sort of common. people waiting for the stock to move to confirm their first instinct that it was a good investment in the first place and buying it later. i had to tell you, the waiting and procrastination is rooted in nervousness that will betray you with a stock goes from 120 down to 110 and you sell it. you want to be smart about investing but if you made the decision i want to do this, you cannot wait for gigantic moves in a stock before you pull the trigger.

you could have bought priceline, but there are stocks to get away from that. a year from now, two years from now, fortunately the mindset of people who have waited think they are long-term investors but because they are not, they waited a long time. that same emotion could be traced. look for the retail. at the top. we are about a year away. we will see. connell: charles payne here. talking about it throughout the day on a network. at the number of jobs being added, it is what people are getting paid for the recovery. one of the top people talking about that next.

some worry some numbers out of the housing market to make sense of those. talk all about the rounded numbers, here are some of the individual stocks that are the big winners today on the s&p 500. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stock.. breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are

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connell: we're just past the half hour, and here's what's still coming up on "markets now." forget the number of jobs added each month, the real measure of the recovery will be in what you're getting paid. then the latest housing numbers that are just in not helping when it comes to confidence and

the economy. and bob massi is standing by to talk to us about. and we have a great story about some young entrepreneurs and the ideas they're coming up with. so a lot still to come here on "markets now." we're going back to nicole petallides, finally time to say good-bye to jcpenney which is funny we just had it up on the screen. >> reporter: that's right, it's up about 4%. however, it's been a big loser. they've been in their turn around but obviously struggling. it doesn't need the market cap any longer of the s&p 500, the biggest companies that everybody knows so well. ingersoll-rand, part of the s&p 500, will be spinning off a company called allegion which will replace jcpenney in the s&p 500. so this will all occur on november 29th at the close of trading. now, it's worth watching ingersoll-rand which is also at a high today, so that's something in addition to the s&p 500 at the highest levels that

we've ever seen in history at 1808 at its highest point. so keep an eye on ingersoll-rand. i can't even tell you to buy allegion because that would be the company going into the s&p 500, and sometimes the portfolio managers mimic, but it's an ipo. so i can't even suggest that you go into it, but keep an eye on it. connell: all right, nicole, thanks. now, we're as guilty of in this as anyone else, always saying, oh, it's all about the jobs, all about the jobs. well, it's actually more complicated. it should be about what you and your neighbors are getting paid. russ cost rich is the chief investment strategist with black rock, and he joins us. what are you taking away there wages right think? right now? your job is to look at the markets and try to predict what they're going to do next. you look at the wage data, and you see what? >> well, there are a couple things, connell. i think the first of which, which really helps explain why this recovery's been very

disappointing, we know that household spending has been well below trend, and one of the main reasons that household spending's been so weak is that income growth has been so weak. if you look at real inflation-adjusted wages over the last three or four years, they're running in only about half of the long-term average. and the fact that take home pay is growing slowly particularly after accounting for inflation is one reason spending's been so weak. and this is important from another perspective as well. we know that the fed is going to take a more nuanced you of the labor market. and to some extent some of these secondary statistics like wage gains or the participation rate will have an important role to play as to when the fed really starts to tighten monetary policy whether that be next year, 2015 or down the road. connell: okay. so that's how you translate it into a market conversation right away. you say this wage data hypothetically stays as weak as it's been and the recovery

economically is kind of as stagnant as it's been, so then janet yellen comes in and does what? keeps rates lower? what does in pex year look like, in your view? >> i think next year looks like a view from the fed's point of view when you're slowly healing the labor market, jobs are accelerating a bit, but we're not back to normal, full employment where the fed would like the labor market to be. so while the fed is likely to start to taper next year, in other words, slow the rate of asset purchases, our belief is they're going to keep short-term rates low for a long period of time. connell: so that's really good for stocks, big year for stocks or not so a fast? >> well, it's good for stocks for a couple reasons. one, if you've got a lower discount rate, you know, it's going to help valuations. second of all as you know, connell, companies have been very profitable because two of their big input costs, wages and the cost of capital in the form of interest rates, have remained low.

i'm not sure it's going to be another year like 2013, but it should help stocks to move higher. connell: with that, i have to ask you one more question that will contribute to the conversation we started earlier in the show. we came on the air talking about bubbles partly because we saunas damage 4,000 and -- saw nasdaq 4,000, and one of our guests sees a bubble going. look out, it's a bubble, and it's going to burst, and it's going to get ugly. to what degree are you concerned about bubbles forming in financial markets? >> well, i think that would define them. the definition of bubbles, look, we could be looking at 10, 15% correction. if interest rates back up too fast, yes, that's a risk. but i don't think we're in the bubble in the real sense of the word. today the s&p trades at about 16 and a half times earnings. at the peak in '99 and early 2000, that was 30 times

earnings. stocks may be stretched in the u.s., but i don't think we're in a bubble, at least not today. connell: good to see you, russ, as always. quick sports note because i was watching this game at the beginning last night and i just thought there's no chance that new england comes back and wins, but it was one of the great games of the year as tom brady and the patriots just stunned the denver broncos and peyton manning last night. this was an instant classic if there ever was one. it started out what looked like was going to be a broncos blowout, the patriots turning the ball over like crazy. 24-0 at halftime but then back come the patriots with 24 unanswered points in the second half. they scored in their first five possessions, and they take it in overtime at the end. i mean, denver tied it up to send it into the game, the great peyton manning was not going to give up easy, but there it is, the game-winning field goal, new england wins it 34-31, and the interesting thick about the

overtime, belichick and the patriots diseased not to take -- decided not to take the ball first. it did work out, and they did win the game last night. all right, some pape in the housing numbers -- pain in the housing numbers. they aren't what the experts were hoping for. bob massi will tell us exactly what's happening there, so that's straight ahead. and then a great story for this time of year, we'll introduce you to people coming up with terrific ideas, young people at that. then ready, set, spend, a big week for holiday shopping, of course, people will be busting down the doors later this the week, but the expectations that many of you are going to be a little more careful about how much you spend. new numbers on that at the top of the hour today with tracy byrnes and dennis dennis kneale. keep it here, markets now. actly. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login...

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♪ ♪ >> i'm adam shapiro with your fox business brief. walmart has named company veteran doug mcmillen as its new ceo, he was ceo of walmart international. he will succeed mike duke effective february 1 and was also elected to the company's board of directors effectively immediately. fiat says chrysler is delaying plans to launch an initial public offering by the end of the year aiming now for the first quarter of next year. chrysler, which is majority owned by fiat, paperwork to go public in late september.

after slowing last month, new orders grew at their fastest pace since april 2012. the november purchasing managers' index rose to 57.1, that's from 49.6 last month. that's the latest from the fox business network, giving you the power to prosper. ♪ ♪ hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day.

i break my back around here. finally sosoone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! connell: so the housing market cooling of here, continues to struggle in its recovery with the pending home sales data we had out morning for the month of october, ten month low. bob massi is a fox news contributor, always good to have bob on, and he joins us with his take. what is your take, bob? it's cooling down, it's a real mess? what do you think of housing after these figures? >> well, i think, connell, when you talk to the experts in lending, the rates have gone up half a point in the last 90 days which makes it more difficult for people to borrow money. then you also have fannie and freddie imposed in the last nine months a year these

guaranteed rates that the letter has to -- the lender has to pay to fannie and freddie passed on to the consumer, and next year it's going to get worse because there's more restrictions and disclosures for lenders, and it's going to be harder for people to buy. i think it's a combination of all those things. connell: you're getting into the issue of affordability, but the price is also going up. is there anything that changes that in the not so distant future? or is that a trend you expect to continue? >> you know what, connell? i checked this morning, for example. in las vegas which you and i, we've talked about has been ground zero from this whole thing here in florida, there's over 60,000 homes right now in las vegas that's in default, owned by lenders, being held by lenders. when those -- when that inventory starts being released, then we're going to see a change this prices. again, never to the point that it was three or four years ago, but what the lenders are doing because we're seeing home prices going up, for example, in las vegas because the supply and

demand is there again because there's no inventory, when inventory comes pack in -- back in, prices get affected. the other thing is you still have the fallout from all the foreclosures and the credit issues. so a combination of all this, we still don't have a clear picture as to what's going to happen in the next year with the reallies crisis we've gone through. connell: that release of inventory, what's the timetable or do you have a sense of what the timetable is on something like that happening? >> i think what the lenders will do, and i've talked to several of them, guys i've known for years, is they're going to start releasing a little at a time. in las vegas you've got 60,000 homes potentially that are in the mix, in foreclosure, let's say 20,000 are owned by the lender, maybe they'll release 2, 3,000 homes a month or 1500. they're going to look to the price because what they want to do, connell, they want to try to recover as much money as they can because of supply and demand. connell: right. >> now, for example, in vegas if

you went all over the place, new homes are selling like crazy because there's no inventory. so it's all going to work hand in hand. these are smart people that are going to try to recap their losses. connell: it's an interesting time, the dynamic of it. and we were talking about interest rates and the dynamic to markets and you could be creating some kind of bubble. so bob massi, as always, we'll have you back soon, and thanks for hopping on today. >> happy thanksgiving, man. connell: you too. going into the shortened trading week because of the holiday, you'd expect it to be a slow week. well, it's not exactly slow with things like iran in there, round numbers with the nasdaq 4,000 headline today. mark newton's with gray wolf, he joins us from the new york stock exchange. what do you expect this week? >> when you talk about round number milestones, the nasdaq comp is setting another milestone getting over 4,000, and that's the highest level

since september of 2000. despite the fact that these markets have rallied quite a bit, they continue to be resilient. the dow up nearly 26.5% so far this year, the nasdaq up 32%. really, really incredibly resilient this time of year, and, you know, a lot of people think this market's a turkey, but we haven't seen any signs of faltering, so a lot of focus on housing in this week and, obviously, the retail coming into one of the more important times of year for the retailers. we'll have to see how that pans out, but this morning we saw the fifth consecutive monthly decline in pending home sales, but it hasn't put a dent in the market, the market's still showing good signs of gains early on. connell: stocks are so far, the dow 16,000 and change, nasdaq just a little below 4,000. mark, thanks at the thank. new york stock exchange. we have, just a him, this might be related to soccer, we have the grand prize winner of the national youth entrepreneurship

challenge with a great idea, and it is related to soccer. coming up, the winning business model on that. met the president on friday and gets to hang out with us today. i don't know how that compares, we'll see. but first, a look today at some of the winners on the nasdaq 100. some individual stocks doing very, very well. we'll be right back.

connell: well, this really is tomorrow's business. lowering youth unemployment with entrepreneurship which is an obvious, terrific idea. the network for teaching

entrepreneurship is educating students around the world on i how to become successful businessmen and women. each year they hold a challenge for who can come up with the best business model, so we said let's do a story on that and, well, we booked the grand prize winner which would be the way to do a story like that, the 2013 national challenge. amy is chief executive officer of the aforementioned nifte, so it's great to see both of you guys. first of all, congratulations. this is pretty cool. i told everybody before the break that it had something to do with soccer, which i'm going to talk about the details because my little girls at home won't get into this, we have arguments over soccer socks but, amy, to you, first of all, the idea of young people coming up with these types of ideas. it's tough for a lot of young people coming out of college to get a job, but maybe a good time to come up with an idea of your own, you would think. >> oh, absolutely. there's a billion young people in the world right now that are between 15 and 24 years of age,

and nobody can identify more than 600 million jobs -- connell: right. >> and the trend is going in the wrong direction. so, actually, entrepreneurship really becomes the best employer out there. connell: it does. mallcom gladwell was on 60 minutes last night, but he's written about steve jobs and the time they were born they come up with the companies largely because there maybe weren't jobs available. but that is kind of a sad note to get into your story which is a good one, and it's one -- i watched your presentation, by the way. terrific enthusiasm. you give these talks no problem. tell us about the sock. this is the idea that you guys came can up with that won the grand prize. soccer sock with a little bit of a different twist, right? >> yes, definitely. our sock is a soccer sock with a pocket on the inside but not only just a pocket, a slide at the top which is the patentable part of our product that allows it from going up and down and left to right. and once we get into the, you know, mass manufacturing, there would be a material in the middle of the sock that has it a

little bit tighter and also at the bottom of the sock. so it could be, you know, the appeal can be for adults too. connell: not just little kids. give me the sock for one minute. let me get a look at it. my girls play soccer, and we have constant arguments at our house is they make these sleeves for the shin guards that you put around your shin. now, i'm always losing them, so there's always one sleeve and not the other, and you were saying where's the stupid sleeve? we've got the game in an hour. so this effectively sos that problem because the shin guard is right in here inside the sock, right? so take the shin guard, this one happens to be a nike shin guard, whatever it is, but it slides in, whatever shin guard you have, into the sock and stays there. you play college soccer, right? it was a problem for you? >> actually, it started in high school. actually, with high school players you have to have shin guards that are certified by a certain standard. connell: okay. >> and, you know, the ones that come with sewn--in --

connell: right. that's what i was going to say. >> definitely. you would need straps in high school when you were playing, and the straps had to be the same color of your socks. connell: right. >> we're purple and you have purple socks, you can't find purple straps -- >> connell: so you came up with this. how you doing so far? >> it's going pretty well. we're in the manufacturing process. we have a meeting with the manufacturer in the near future. connell: how old are you, by the way? >> i'm 17. connell: so you're pretty young for a freshman in the university of illinois, right? how's the season going? >> season went well, we just ended. we went for competition in arizona, but, you know, it was canceled because of the weather. connell: oh, yeah, it's been crazy. >> arizona, the hottest place ever and just that couple of days, it had to rain. [laughter] connell: just your luck. do you use your own product? you better. >> yeah. we have only a couple prototypes, so we don't want to destroy every prototype. connell: it's great.

a lot of ideas like this, we wanted to pick the winner because that's how you do these stories, yeah, you won, you deserve to come on the show, but young people, amy, coming up with these types of ideas? >> well, they're amazing. we work largely in urban settings and with schools surrounded by low income communities where kids sometimes don't know what their opportunities are. and, you know, by actually bringing in lots of people doing different stuff and then they think about things like he did with his own passion, what he cared about to come up with these ideas. i'll tell you the number of -- the second winner has an app, a sports app. and lots of technology things. the number three player has a snap-on tie for people who don't like to do ties -- connell: people can look them up, i'm sure, on the web site. >> they're amazing. and we also have a competition with pictures of these kids before they come to the competition, but for them to make it to the nationals, it means that they have won, you

know, we have 30, 40,000 kids across the country doing bussness plans, competing, and they're really top of the top. connell: congratulations again. i'm sure it was fun meeting the president at the white house. we showed some of the pictures. what did he say to you? >> he basically gave us some sound advice. he told us that as an entrepreneur, there would be a lot of obstacles along the way and what differentiates good from great is the ability to overcome those obstacles. connell: i thought he was going to want some basketball -- >> yeah. connell: great idea here and congratulations on the victory and the competition. good luck with everything else, and amy rosen, nice to heat you. >> thanks for having us. connell: no, you're very welcome. we love stories like this. the historic deal over the weekend, united states and iran, a lot of skepticism of it. some call it a big mistake, others are optimistic. well, dennis kneale and tracy performance are looking at the fallout at home, abroad and the markets. that's the next hour of "markets now." and then you have miley cyrus,

of all people. she's still the talk of the american music awards as it was last night and her back-up singer or lip syncker or whatever you want to call this. just go away. she won't go away. it's coming up next, keep it here. ♪

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the question how do you make sure you have the money you need to enjoy all of these years. ♪ >> even with the small amount of money being released to them, iran is going to lose $15-$20 billion over the next months. this is an enormous price for iran to continue to pay if they don't live up to their word and prove to us that the program is peaceful. >> what was concluded in geneva last night is not a historic agreement, it's a historic mistake. dennis: the u.s. reaches a major deal with iran, but a backlash breaking out abroad and here at home. i'm dennis kneale with tracy byrnes to take you through the next hour of "markets now." it took six months of secret talks to reach this historic and controversial deal with iran, but are we on the right track?

tell us what you think. we also want you to weigh in on dow 16k. is this the new norm? and we've got a guest who says how to play dow 20,000. and winter weather walloping the it's headed next. all in this and more in the next hour of "markets now." ♪ ♪ dennis: well, hello, tracy, and welcome. looks like the dow managed to put another 30 points on top of that 16,000. tracy: yeah. you've got to wonder how the holiday shop season's going to play into this. dennis: yeah. there sure is optimism about iran in some parts of the markets. every 15 minutes, nicole we heat dee as -- pet petallides at thew york stock exchange. the nasdaq doing something it hasn't done in 13 years. >> reporter: right. say hello to nasdaq 4,000, right? we haven't seen that since september of the year 2000. where were you then during that tech bubble? let's take a look here, the

nasdaq is up about six points at 3997, so that really is a big story today. in addition to the fact of the dow jones industrials new high again for the 41st time this year and still above the 6,000 mark, actually -- 16,000, actually approaching 16,100. and then the s&p 500 also posting gains today above 1800, clocking in the all-time highs and also looking at its best yearly performance in ten years. so if you're a bull out there, you are loving what you are seeing. in addition to the fact that i just want to tell you some of the names that are hitting new highs as well. if you have financials such as jpmorgan or american express, goldman sachs, travelers, walmart, nike, pfizer, some names on the dow jones industrials brought in record highs as well. >> thanks very much, nicole. tracy: the dow well above 16,000. the nasdaq moving over 4,000 for the first time in 1 years. is this short lives -- 13 years.

is this short lived? charles payne's here with us on set, sandra smith and rich edson. charles, i start with you. what's the new norm, the fact that the market just goes up? could that be it? >> it's, listen, new highs beget new highs, and we're seeing now the bond rotation of almost every dollar that comes out of bond funds are going straight into stock funds. keep in mind, though, that investors have missed so much of this rally. domestic bond funds, seven years in a row there were outflows. now they're putting it back in. obviously, the average investor typically comes in really late. but trying to pick the top of the market or staying out of the market for any reason has been a gigantic mistake, and i think it will continue to be. dennis: we heard david stockman say on fox biz earlier this morning that this is exactly what wall street does, they lure all the retail investors when the market's at the top so they can sheer these sheep, but it

feels like stocks want to go up. tracy: wait. sandra smith, do you think it's that calculated? >> well, listen, i think the point is moot. we're talking about what's the new normal? there's nothing normal about the financial markets in general right now when you have a federal reserve that has manipulated the free markets. i mean, you've had them involved with interest rates near zero for five years. you've had an $85 billion a month bond-buying program going on while unemployment's still above 7%. there's nothing normal about these markets. tracy: right. >> so, charles, you know, when we look at this stock market rally and as much as you say this is based on earnings and growth overseas and the corporate balance sheets render these higher prices, i beg to ask you why then when we talk about the fed tapering in december, do we get huge market selloffs? >> let me just answer that, if i may. there are a lot of people who are in the market strictly for the fed. but at the end of the day, we get pullbacks, and and you blink, we're at a new all-time

high. sandra, i've made people so much money, and people have been scared. i'm making people tons of money in the last three or four years. and guess what? i don't have to be in it when the market does crash. we're in 20% cash right now, but we are making people money, and that's what i try to do. tracy: rich, let's go to d.c. because really d.c. could derail this on a dime, right? we got debt talks, tapering. i mean, we could be back at 15, 14,000 in a second. >> reporter: what i will say is that congressional negotiators right now are discussing a budget deal that perhaps might set aside the threat of a government shutdown for the next couple of months. what they're not talking about is increasing the debt ceiling. they're not talking about any type of way forward on how to raise it when it comes til about what treasury says would be sometime in march the federal government would have to do that again, so they're not even talking about that yet. we don't know if democrats plan on not negotiating again or if republicans have some type of

ask related to obamacare. no one's paying attention to it or talking about it, and it's a real danger. dennis: the thing is you do get the impression here, guys, that stocks want to rise almost no matter what. and traditionally stocks do rise i believe from the week of thanksgiving to early december, and today this iran accord just seems like an excuse. tracy: all right, let's talk about this now from wall street to the middle east. six world powers reaching a deal with iran on the country's nuclear program, and as the white house calls the deal an important first step, you've got the israeli prime minister slamming it, basically labeling it dangerous, a historic mistake. rich edson, to you first, there's a lot of back and forth going on about this down in d.c. >> reporter: there really is and a lot of a political mess here especially when you consider the politics between democrats here in congress and the white house. senior democrats here, chuck schumer, senator rob menendez, he's the chairman of the house senate foreign relations committee, they're urging a lot of caution and perhaps nodding to the fact that congress might

put its own sanctions stamp on this. they're not all that thrilled with the idea. they think the u.s. and the p5 caved a little bit too much here. they believe that perhaps sanctions must come out of the congress. that would really put the administration in a tough spot if congress went ahead and passed stronger sanctions. the administration then we would assume would have to veto them given what they've ray greed to over the -- agreed to over the weekend. dennis: i think the entire problem shows up this a freudian slip on the front page of new york times on sunday. in a caption under a photo of president obama, "the new york times" says this accord with iran basically meets president obama's goal of, quote: slowing iran's weapons capability. slowing. and the problem is why are we slowing a crazy nation intent on destruction? why aren't we reversing, crushing and penalizing? why are we slowing? >> and i agree with you, you know what?

and the idea is we had them over a barrel. the sanctions are crippling these guys. why do we have to compromise as if we were coming at on even keel? israel doesn't like it, saudi arabia doesn't like it -- dennis: schumer doesn't like it. when you're obama and you've lost one of the most liberal members of the senate, new york's chuck schumer, this is clearly a disaster. tracy: all right. let's get a take on what the oil markets think of it, sandra. >> yeah. i'm looking at prices right now and on this news overnight we saw the futures, oil futures plunge more than $2. we're not down as much right now. oil prices down about a dollar. still not even below $90 a barrel. so the market sort of had a knee-jerk reaction here, tracy and dennis, and sort of taking a breather. and everybody's digesting the fact that we're not talking about lifting sanctions, we're talking about easing sanctions, nothing would happen until january, so the market's trying to figure out what's next here. if we were talking about the lifting of sanks and a ton of

oil -- sanctions and a ton of oil coming on the market tomorrow, we would be down much more. dennis: we are talking about $7 billion in positive impact for the iranians, and the one thing i don't understand, guys, is why is it that a nation like iran would endure these horrible, horrible sanctions just because they want to develop nuclear power when they have the third largest oil deposits in the world? this is because they want to develop nuclear weapons. tracy: as the siciliano on the panel be, i don't trust them as far as i can throw them. [laughter] let's move on, really, you've got to be kidding me with this. we take this hard turn to miley cyrus. the former disney darling, we watched hannah montana start to finish, my kids and i. causing quite a scene yet again last night as she performed at the american music awards with a really weird giant lip-syncing cat behind her the entire time. [laughter] here's the big question, though, is she completely insane or completely brilliant? charles payne, you first. >> ironically, my wife and i had

this same conversation. i'm just say maybe she's a little wit of both. dennis: she's 20 years old and trying to shake off the shackles of disney. but someone pointed out to me -- >> she's shaking off the shackles of everything. dennis: why are we talking so much more about her than lady gaga? >> right, and her human -- come on, sandra smith. >> dennis, let me answer your question. the reason we're talking about her is because everybody in the world has known miley cyrus since she 11 years old. now she's got her clothes off. so she's startling the nation, the world. i'm going to defend her a little bit here. you know, she went for shock value, everybody's talking about her, it's increasing her album sales, she brags about it on twitter. from a business standpoint, hey, it's great. does she have a moral obligation to all her little pre-teen listeners out there? not really, guys. >> i'm not worried about that.

>> dennis, she's 21 now. she should learn mod deathsty. she needs to put some clotheds on. >> i'm not worried about the moral aspect of it, but on a personal level, how much of this could be a meltdown that we -- >> well, yes. tracy: she was tearing up. rich edson, next time you're reporting from the rotunda, you're going to have a big old cat coming up from behind you. there's going to be one in d.c. now. [laughter] >> i think we should work on that. i think that we need a gigantic cat. if this is now, if this type of conduct is what we now consider in the conversation of brilliant in our culture now, that's -- i think we've crossed quite a point here. i was waiting for rob ford to come out on stage just to get even weirder. [laughter] dennis: sounding far older than his actual years. of. tracy: it's quite a low we've hit in society. >> i never thought i would hear rich edson sound like the old curmudgeon over there. [laughter] >> he's not!

>> it's pop music. >> i'm standing in front of columns, what do you want me to say? tracy: and he's the youngest by like 25 years. charles, sandra, rich, you guys are awesome. thank you. [laughter] dennis: ain't it great? 16k and count, baby. why one analyst says this is just the beginning, and dow 20k not as far off as you may think. tracy: and a presidential pardon is usually a golden ticket, so why are some calling it a death sentence? but, first, as we do every day at this time of day, take a look at energy. your dow's up about 27 points right now and oil trading -- do we have that? there it is. your metals are down, gold and silver, copper slightly up. we'll be right back. ♪ ♪ (vo) you are a business pro.

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tracy: time for stocks, as we do every 15 minutes, nicole petallides on the floor of the exchange. a new high for walmart. >> reporter: that's right. big retailer, dow component wall part today up three-quarters of 1% sitting at $80.43 a share and hitting a new record high here on the news on this same day that we are hearing that the ceo will be stepping down. chief executive mike duke will retire on january 31st. who will take his place? well, on february 1st a veteran of walmart is doug mcmillan, he will step into that chief executive role. he was the ceo of the international acquisition -- division, and under his watch that group really showed a complete turn around. so as a result, they really had a lot of confidence in him and so are putting him right in that

lead role. prior to that he was involved with sam's club. so big change here for walmart. back to you. tracy: thanks, nicole. we'll see you in a bit. dennis: and more fallout from obamacare. the cleveland clinic, one of the best hospitals in the country, planning some massive layoffs and cutting more than $100 million from its budget next year as a direct result of the affordable care act. hospital says half the cuts for to 14 are -- 2014 are, indeed, related to the affordable care act, leading to total cuts of $330 million from operating expenses and vendor fees. tracy: and as the flood insurance reform act begins to take hold, prices are set to spike. why premiums could end up being way much worse than you first thought. dennis: is and staying with weather, a big storm could cause a massive headache for retail and travel. we're tracking the latest on this blizzard. ain't going to effect online though. here's how the world's currencies are faring against the u.s. dollar.

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>> about 21 minutes past the hour,m

eric shawn with your fox news minute. the death tole in china has now risen to 52. the official news agency says the blast which which occurred in a port city left more than 130 people injured. authorities are investigating the cause of that blast. meanwhile, here at home passengers onboard an amtrak train that derailed in south carolina, they're being taken by bus to their destinations. the amtrak crescent went off the tracks early today. the crescent was on its way from new orleans to new york city. thankfully, there were no serious injuries. 318 people -- 218 people were onboard. in forts a fumbled punt by the denver broncos in overtime completed a major new england comeback. they rallied from 24 points down to beat denver and peyton manning 34-31 in overtime, if only some stocks can bounce back by that. those are your news headlines, i'm eric shawn, now back to

tracy. tracy: that is a fabulous point, eric, thank you very much. all right, well, lawmakers trying to push a four-year delay on the government's recent hike in flood insurance as residents in flood-prone states truly panicking over not being able to afford the skyrocketing prices. phil keating is in key west, florida -- i know, tough gig -- with the story. phil, i know some of the same lawmakers who voted for this now are trying to undo it. what's going on? >> reporter: this is one of those rare issues this congress where both parties are seemingly teaming up to do the same plan here, and that is to undo what they overwhelmingly did last year in congress which was pass the biggert-waters flood act. now that millions of their constituents are making a lot of noise, suddenly panicking over drastically high or flood insurance premiums. one of those homeowners lives down in key west, his name is carl stevens. he bought this house last year with plans to retire in it but is now seeing that plan turn

into a money pit. one-third of the five million americans in the national flood insurance program live in florida. it's the gnattest state in the country. -- flattest state in the country. and with the elimination of the federal subsidy that has kept flood insurance premiums down, he and others are now shocked to learn that their new rates are thousands if not tens of thousands of dollars higher. >> it went up almost, in the end, almost 400% of what i had to pay over last year. in one year it jumped up that much. and when you ask your agent, okay, so what's it going to do next year, nobody has an answer. >> reporter: it's not just florida. this is affecting homeowners from hurricane sandy-ravaged and rebuilding new jersey all the way around the coastline to louisiana as well as the missouri and mississippi river basins. and the insurance companies say all this shock is simply real flood risk rates finally catching up. >> you've got five and a half million policies, and in the

haas census there was 130 million housing units in the united states. so clearly, a small portion of the population benefiting from this program, so it's not fair to the rest of taxpayers that we have to pick up the tab. >> reporter: after the really devastating hurricane seasons of 2004 and, of course, hurricane katrina in 2005, well, that put this whole federal flood insurance subsidy program $17 billion this debt. then after hurricane sandy last year, it's currently just about $25 billion in debt, and that's why congress overwhelmingly voted to end the program. tracy: yeah, but this is a big deal, isn't it? this could really affect the real estate industry overall. >> reporter: that's not only what lawmakers are screaming about in trying to delay the impact of this stop in subsidization for four years, but that's what real estate experts are saying. in fact, in the tampa market in october real estate sales dropped 5% over october last year, and the experts are directly attributing that to

this flood insurance policy spike in premium prices and the homeowners themselves are now worried, well, now i can't afford these flood insurance premiums per year, i can't sell it now because it's going to scare off all the potential buyers out there. it really does have a chilling effect here, and a lot of real estate experts are saying all of the recovery gains we have made in the housing market since the bottom of the recession hit in 2010, well, that really could be freezing in its tracks. so that's why you've got a lot of congressmen and women really actively trying to push this delay. however, there's only two weeks left in the legislative session this year, so certainly not coming anytime soon. tracy: yeah. and that's too bad, because you're right, one step forward, two steps back. phil keating, thank you so much, sir. >> reporter: thanks, tracy. deb item so he may be in the sup, but many of us aren't. jack frost could make thanksgiving miserable, ruin shopping, your travel a

nightmare. the latest on what to expect this hold holiday. tracy: why the weather's freezing, the dow is hot. why some are saying dow 20,000 could be a reality before you know it. as we head out, let's take a look at some of the winners on the s&p 500 today. jcpenney holding its own, up 3.8%. we'll be right back, don't go this anywhere. ♪ ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stock.. breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor.

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games" hitting the box office. details coming up in the media minute. we had down to the floor of the new york stock exchange, nicole petallides watching stocks on the move. nicole: hi, everybody. i'm going to show you alcoa doing a great today, up 5%. a huge move for alcoa. a buy rating on the company, talked about they face some challenges but also talk about the automotive and aerospace areas and sectors helping them along. in the meantime take a look at the other movers including jcpenney. coming out of the s&p 500. and spinning off a ledge jan. going into the s&p 500 in place of jcpenney. twitter and caterpillar.

talked about some names they perceive as winners and losers, twitter would be one of those high flyers, talking about some of the names they have light including caterpillar, jpmorgan, some of the names more industrial names you have known for many years. in addition to the comments, caterpillar is higher by 2%. alcoa a great performer. tracy: a lot of stuff going on. thank you for keeping it all straight. connell: by 2018, 20k. global wealth management moving up the median target date for the dow to hit the 20,000 level within two years of the blue chips. the blue chips keep pushing higher and higher. taking the other side of this don't buy the hype on stocks. bonds the best bang for your buck. thank you for being with us this

morning. we appreciate you being here, seth. maybe moved up your target date, but it could come even earlier. could we have a correction? >> it is quite possible. the key thing is in the near-term and opportunity because stocks remain very attractive, earning a lot and doing smart things with the money from a shareholder perspective. connell: why did you bump it up? >> when we first made the prediction it was only above 12,000. the reason why his fundamentals have been improving, interest rates are staying low. all things equal, the stocks are more attractive than we thought it would be. connell: tell us about bonds because doesn't it kind of

rely on the great rotation we keep hearing about coming out of bonds? >> i do, dennis. we'll talk about this five or six months now. if you look at the most recent data from the investment company, so far this year into the mutual fund business 166 billion has come into fixed income, 54 billion into domestic equities. if you went back and looked at the last five years of flows using data, the stocks close haven't needed to be negative, bond flow positive. looking at the performance most people confuse with the rotation certainly stocks have outperformed. in general they have been tipp tipped, the realization by most people that inflation is not an issue for many years to come.

dennis: inflation is not an issue, the bond should be pretty safe. is the great recession a myth? speaker should be worried about the fundamentals underpinning stocks. it is quite low. that is reasonably speaking the return you should expect. get some growth and that is where stocks come in. return will be much more attractive than that over the coming years. dennis: does it have to be one or the other, stocks and bonds cannot do well in the next year? >> they will both do extremely well. looking at an environment where the fed action with regard to their program is probably more likely in march, they're adamant they are not doing anything with fed funds rate until we get out beyond 2014 or '15. it is a very benign underlining economy.

very low inflation, gdp growth subpar. at some point you would think things would take off, but for most bond investors it is important to realize very few of them are invested in 10-year treasuries or 30-year treasuries, they're much more likely to be invested in mortgage-backed securities, high-yield securities, corporate securities where the yield are not even close to what you are looking at for treasuries. dennis: but wherever treasuries go, that is where all other yields go, true? >> that is correct. treasury yields are up 180 basis points, but the spread corporate high-yield market offer continue to be at historic lows. dennis: is in this next question. an obnoxious uncle if yours has just died, $100,000 of money outside of retirement accounts to invest.

tell us how you split it between stocks and bonds. >> if i'm a relatively young person and healthy living a good long time unlike that uncle i would like to the bulk of it in stocks reedit probably something between 50-80% depending on how much risk i can take and how much growth i need to feel the spending. dennis: what do you do with it, how do you split it? >> i'm 62 years old, the bond and balance in stocks, i am a simple man when i give advice to ntage ofis basically you should your portfolio and bonds, dennis. dennis: thank you for being with us today. appreciate it. tracy: what if you get money from an uncle you really like? dennis: more common to approach thanksgiving.

the weather outside may be a little but that makes shopping online oh so much more fun. why the retailers expecting big numbers online this year. dennis: the odds are in favor of "the hunger games." destroying box office games this weekend. down big today. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review.

ashley: i'm ashley webster with your fox business brief. yet says chrysler is delaying plans to offer the ipo. they filed paperwork to go public in late september and is fitted to a price range that offer as early as this week to raise up to $2 billion. the number of americans who signed contract to buy previously owned homes fell in october for the fifth straight month. national association of realtors say this pending home sales index slipped by six-tenths of a percent. that is the lowest reading since december 2012. and stay tuned to fox business. tomorrow peter barnes will be sitting down with former federal reserve chairman alan greenspan. don't miss that. the latest from the fox business

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dennis: brick and mortar stores are hoping the skies and roads stay clear for the kickoff of the holiday shopping season. that is not looking so good, but nothing much an an issue for online retailers. adobe expecting strong cyber sales this season with or without bad weather. joining me now with the details, thank you for being with us, brad. tell us, what do you guys look for in terms of sales growth this holiday season with black monday, sunday, all of that stuff. >> we expected another strong online shopping season. we look at the last seven years of history over half a trillion on retail transactions to come up with this transaction. lastly we came within 1%. wwith it another strong showing this year. for instance cyber monday will

be $2.2 billion day. dennis: 15%. >> exactly. dennis: what are you saying about thanksgiving day on its way to becoming black friday. >> i think that is the story of the online shopping season, they has given three years ago was really a below average shopping day. this year it will crack the billion dollars mark up over 20% year-over-year. we will be at thanksgiving dinner watching football and shopping on our mobile devices. dennis: this is again based on actual survey projectable stuff. mobile this year, 15% of total online purchases, what was that percentage share a year ago? >> that 15% is the 47% over last year, and the interesting thing about mobile is it is not only using mobile devices when we are

on the move, standing in line on black friday for that. it was something projected to be the death knell for these retailers. these retailers embrace that and develop holiday specific shopping apps you can use in the store to get specific deals and promotions. dennis:'s maybe the brick-and-mortar guys can want some of the impact of the show room by matching the price on the site, you figure. >> yeah. a recent survey we did had four of 10 people report they use their mobile device when they are in the store. that is an opportunity for retailers to take advantage of these consumers to give them offers that offer in-store and outside.

dennis: 30% of consumers will turn to social media making their purchase yet only 2% of all the online purchases will come from the social media sites. that is bad news for facebook or twitter. >> yeah, the 2% is the direct referred traffic. that really understates the importance of social in the broader consideration because we all know when we are interested in a product or a service, we turn to our friends on facebook or on twitte twitter to get feen that product so we still see a huge role in the consideration of purchases. dennis: that is kind of an interesting little bit of optimism as everybody gets so bleak on the outlook. thank you for being with us today. >> thank you. dennis: how well the weather be doing a? andrew is following the latest developments. you are the guy nobody wants to

hear from right now. >> unfortunately, yeah, not even myself and i have bad news. two major players, big upper-level disturbance across the north, cold air with that giving us snow showers this hour. but the moisture fueling the storm with lots of heavy rain and they will meet up tuesday and wednesday and it will be treacherous travels and really no good news around the east. across the east heavy rain along the i-95 corridor tuesday into tuesday night through philadelphia and into wednesday. soaking downpours. on the back edge of that is the cold air, the wintry mix snow and sleet. on the back edge of that the heavy, heavy snow, looking to be a major travel impact around the pittsburgh area especially northwestern pennsylvania along

new york state thruway. syracuse could see over a foot of snow heading through wednesday night so this is just terrible. dennis: it sure is, man. make sure they pack extra food when they travel. tracy: okay then. the historic deal to curb iran's nuclear program at ease restrictions against the controversial country oving more than just oil today. phil flynn with a fox business contributor joining us from the cme. putting pressure on gold and silver, isn't it? >> absolutely. over $7 billion in assets by these sanctions, a lot of it happened to be iran's gold and silver reserves which are being held in the eu. the release of those sanctions potentially could sell the gold and silver assets on the global marketplace.

and a central bank possibly could have sold gold, they have not been iran. china actually reduced their holdings. it is coming back up a little bit, some people think iran may be a smarter trader to dump gold, we will have to see if they are right. back to you. tracy: thank you very much. apple acquiring a small tech company based in israel. the startup makes 3d technology that is used in microsoft kinect motion sensing camera. it indicates apple's interest in new interactive technology for devices. apple confirmed the purchase but did not discuss it his plans for the company. take a look at the shares of apple today and how they are moving on this news. the stock up $5.61. quite a little move.

dennis: in your monday media minute, she did it, conquering the box office as "the hunger games" catching fire raked in $161 million in north america and another $300 million worldwide. fourth highest film opening ever. lions gate stock in a selloff today down 8% today. lions gate or mirrors another young adult book-based film franchise divergence in march. and katie couric is going to yahoo, but is that a good thing for either of them. .mac? and the global anchor of yahoo news. posting her daytime talk show as well. but why is yahoo moving deeper into the news business coach mark is it now a media company creating original content or an aggregator, a watering hole where people hang out to parse media from other outlets? if yahoo is going to be an originator is katie couric the right face for it?

her views are older, she did not last as a cbs anchor chair, her talk show did not set the world on fire. i adore her, she is terrific, just saying. tracy: how about this, they were supposed to live out their last season, but not even president pardon could save these birds from the middle of the grim reaper. have to find out what happened to this turkey.

dennis: got more on the breaking

news at the nasdaq. charlie gasparino reporting a major shakeup with the departure of the nasdaq executive vp of transaction services leaving for what the nasdaq says is a unique opportunity. he was said to be the heir apparent to replace the ceo if he ever leaves. charlie sources say his departure is nothing to do with all those transaction glitches the nasdaq tech problems or the failure to land the twitter ipo. more in the 1:00 p.m. our coming up. tracy: okay. it looks like no turkey is safe even with the presidential pardon. president obama prepares to spare the lives of two more turkeys, word is both turkeys pardoned last thanksgiving are dead. after their pardon, they were sent to live out their last days, but sadly cobbler was euthanized in august while gobbler died of unknown causes in february. no word on whether or not

obamacare would have helped save the birds. dennis: got to wonder wonder if there'd been some tribute when they bring them to the theaters over the weekend. something about the president seems to be losing clout all over the place. got travel plans for things given day weekend? better check the forecast first. a wet winter storm snarling traffic in one of the busiest travel weeks of the entire year. tracy: black friday deals enough to lure shoppers who braved this nasty weather? what economists retail sales projections are actually missing. tracy: more of charlie gasparino's exclusive report as fast tech ceo, his air is stepping down. constantly putting out fir. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one,

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de. >> welcome back to "markets now." the thanksgiving weather threat, a nasty winter snowstorm is snarling holiday traffic and the road in the sky, tracking the winter remixes it moves from texas toward the northeast. even in the face of some nasty weather, the next seven days will likely be among the busiest shopping of the year, but just how lose will consumers be with their wallet? the south bay researchers on what his spot on economic forecasts says about next month's retail sales and wait until we dive into the vice index. and a historic deal with the iranians. the concessions to halt nuclear plants will make it virtually impossible for tehran to build a nuclear weapon. the toughest road may still lie ahead. and what does brookshire have a way and your best friend that in common? you may soon be able to invest in both. upstart co-founder of the company's plan to build a new way to back entrepreneurs.

time for stocks as we do every 50 minutes one, check in with nicole petallides and all the major averages. less talk about it. is this the the nasdaq. >> reporter: of montana -- the dow jones industrial average. but since you mentioned the nasdaq, let's get right to it. the nasdaq composite cross the 4,000 mark today saw her he. someone stealing the show as it did move to the new high of 4,007. the dow jones industrials up 25. sitting in 16,089. the s&p 500. right now up about one. at 1805. we should note that there will be a change in the s&p 500k. i want to take a look of a couple of movers including